Photovoltaic Power

Hernández, Jesús C.; Baier, Carlos R.

doi:10.3390/su13042123

Cited by 1 publication

(1 citation statement)

References 9 publications

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“…The output of a PV system depends on the efficiency and performance of the system, which depends on both the PV array efficiency as well as the inverter efficiency (Hernandez, Baier, 2021). Multiple factors that influence the performance of a PV system including cleanliness of the panels, the panel temperature, humidity, wind speed and light reception angles.…”

Section: Proceedings Of the International Conference On Industrial En...mentioning

confidence: 99%

An Economic Analysis for Residential Rooftop Solar Photovoltaic Panels in the State of Texas

Sokolov,

Hossain,

Safouhi

et al. 2023

Proceedings of the International Conference on Industrial Engineering and Operations Management

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The renewable energy industry in the United States is growing at record rates. In the last decade, more renewable energy has grown in terms of capacity as well as demand because of the population growth and the need for environmentally friendly energy resources. Solar energy is one of the most promising renewable energy sources in Texas because of the climate and solar resource potential. With the continuous growth and advances in the industry, homeowners can install solar rooftop photovoltaic (PV) systems for electricity generation instead of relying on the power grid. While the environmental benefits of solar energy are of importance and urgency, the economic benefits for homeowners are still to be determined. This research represents an economic assessment of a 7-kW residential rooftop solar system with a 3kW/6kW storage bank, in the state of Texas based on economic parameters such as the internal rate of return (IRR), the payback period (PP), and the net present value (NPV). These rooftop PV systems are installed on single-family residences and is economically beneficial in the state of Texas. These systems resulted in an NPV of $6333.01, IRR of 8.61%, PP of 13 years, which is an economic benefit to Texas homeowners.

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Section: Proceedings Of the International Conference On Industrial En...mentioning

confidence: 99%

An Economic Analysis for Residential Rooftop Solar Photovoltaic Panels in the State of Texas

Sokolov,

Hossain,

Safouhi

et al. 2023

Proceedings of the International Conference on Industrial Engineering and Operations Management

View full text Add to dashboard Cite

show abstract

Photovoltaic Power

Abstract: Renewable energies increase their participation in the electricity markets year by year [...]

Cited by 1 publication

References 9 publications

An Economic Analysis for Residential Rooftop Solar Photovoltaic Panels in the State of Texas

An Economic Analysis for Residential Rooftop Solar Photovoltaic Panels in the State of Texas

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